EasyResearch Weekly Dividends Update

Earnings season is in full swing, and last week, Netflix shares surged after the company beat market expectations.

This week, several companies with a history of surpassing market expectations are set to announce their earnings.

Up 13% year to date, Verizon Communications Inc., a major U.S. telecommunications company, holds a high earnings quality ranking according to Nasdaq, with earnings expected to continue growing.

Other companies reporting this week, which also have a history of beating market expectations and have seen share price growth since the beginning of the year, include:

• GE Aerospace (formerly General Electric): A global leader in aerospace and defence technologies, with its share price up 91% year to date.
• Vertiv Holdings: A global provider of critical infrastructure solutions for data centres, communication networks, and edge computing environments (+145% YTD).
• NextEra Energy: A leading clean energy company and one of the largest electric utilities in the United States, with shares up nearly 40% YTD.

Since its spin-off from General Electric, GE Vernova Inc. has seen nearly 100% growth, and it is expected to announce its earnings this week after beating market expectations in the previous quarter.

Just so you know, past performance does not guarantee future returns. Dividend payouts and share buyback announcements may also occur during this earnings period. Companies such as Tesla, Coca-Cola, General Motors, and Nasdaq are also set to announce quarterly earnings this week.

In the collective investment space, several ETFs (exchange-traded funds) from 1nvest and FNB will be paying dividends.

Additionally, this week is the last opportunity for investors to participate in The Tungsten's IPO on EasyProperties.

Here’s the dividend update for this week.

South Africa 

Wilson Bayly Holmes - Ovcon Limited will be paying R2.30 per share. 

• Last trading date - 22 October 2024
• Payment date – 28 October 2024

Bowler Metcalf Limited will be paying R0.37 per share. 

• Last trading date - 22 October 2024
• Payment date – 28 October 2024

Australia

Bank of Queensland Ltd will be paying AU$0.17 per share.

• Last trading date - 24 October 2024
• Payment date - 19 November 2024

United Kingdom

City of London Investment Trust PLC will be paying £0.05 per share.

• Last trading date - 23 October 2024
• Payment date - 29 November 2024

BAE Systems PLC will be paying £0.12 per share.

• Last trading date - 23 October 2024
• Payment date - 02 December 2024

American

Antero Midstream Corporation will be paying $0.22 per share.

• Last trading date - 22 October 2024
• Payment date - 06 November 2024

Lowes Companies Inc will be paying $1.15 per share.

• Last trading date - 22 October 2024
• Payment date - 06 November 2024

With the festive season approaching, tourists head to holiday destinations, presenting a market opportunity as money flows into the tourism sector.

Last week, the South African Reserve Bank (SARB) kept the repo rate at 8.25% for the seventh consecutive meeting in July 2024, as expected. Two policymakers favoured a 25 basis point cut. 

The year 2024 is poised to become a landmark moment in history, with over 2 billion people worldwide preparing to cast their votes in elections spanning countries like the US, India, the European Union, Mexico, and South Africa, as highlighted by the World Economic Forum.